1316 Lafayette Boulevard
Lincoln Park, MI 48146

Description

REDUCED !! Unbelievable investment potential in this property. Currently 3 units, with the potential future 4th unit in the basement level. Brick structure on block foundation resting on a double lot. Two bedroom lower unit with older-renovated kitchen, vinyl windows, and replacement sewer to main in 2008. Upper units are each 1 bedroom. Older and dated, one of which is currently rented while the other needs work to transform to rent-ready. The basement houses a single large furnace and hot water tank. Kitchen and bathroom in the basement, however, also needs work to make rent-ready. Live in one, rent out the rest. There is potential for over $2,500 monthly income once fully occupied and updated. Priced to sell. Cash buyer is purchasing as-is and assumes all city-required exterior repair work.

Details

MLS#218120288
Sub-TypeResale
StatusActive
Year1930
Days On Site114

Features

SQ Feet1,924
Units3
Building(s)1

Market Activity 48146

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Area Information

StateMI
CountyWayne
CityLincoln Park
Zip Code48146
AreaLincoln Park
Listing VS Median (in 48146)
Price:
$72,000
low | high
Med:
$99,900
11.25% of Average
SqFt:
1,924
low | high
Med:
696
100% of Average
$ / SqFt:
$37
low | high
Med:
$144
100% of Average
On Site:
114
low | high
Med:
11
100% of Average
Listing Updated: 04/19/2019
MLS Number: 218120288
Listing Provided By:
Russell Seely  of  RE MAX Innovation
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